Do lesbian, gay, bisexual and transgender people need a bank of their own? Superbia Credit Union is about to find out.
Michigan on Sept. 9 approved a charter for the new financial institution designed for LGBT customers, clearing the way for online service to begin early in 2020.
Superbia Credit Union will offer products which are often outside the scope of a more traditional lender, such as loans for transgender people in the process of transitioning, said Myles Meyers, founder of New York-based Superbia Services Inc., which created the credit union.
“I can walk into a bank or credit union...